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SUMMARY:The digital revolution and the State - William H. Janeway (Venture
capitalist and Economist)
DTSTART;VALUE=DATE-TIME:20180226T170000Z
DTEND;VALUE=DATE-TIME:20180226T184500Z
UID:https://talks.ox.ac.uk/talks/id/462a358a-8243-4268-b451-4bae83ccb01e/
DESCRIPTION:The Digital Revolution was fostered and funded by the state\,
specifically the American Department of Defense. It has now matured beyon
d any need for continued state sponsorship. In fact\, is now challenging
state authority as it disrupts established markets and their supportive ec
osystems of regulations. Digital entrepreneurs need to study the institut
ionalized history of the markets they are addressing as their technologica
lly friction-free services encounter economic\, regulatory\, and cultural
frictions that slow down deployment (and\, incidentally\, threaten the val
uation of the Unicorns). Moreover\, the digital revolution is far from ov
er: its partial and incremental implementation helps explain the “produc
tivity puzzle\,” as was the case with electrification 100 years ago. Fin
ally\, access to big data has generated a new engine of monopolization\, s
ince more data means better service and better service provides access to
more data. Along with the role of social media in undermining the integrit
y of political process on which state legitimacy rests\, this inevitably c
reates demand for regulatory responses that remain more visible in Europe
than in the United States.\nSpeakers:\nWilliam H. Janeway (Venture capital
ist and Economist)
LOCATION:St Antony's College - North Site (Seminar Room\, European Studies
Centre\, 70 Woodstock Road\, Oxford OX2 6HR)
URL:https://talks.ox.ac.uk/talks/id/462a358a-8243-4268-b451-4bae83ccb01e/
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DESCRIPTION:Talk:The digital revolution and the State - William H. Janeway
(Venture capitalist and Economist)
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